Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 133.86 ($1.65) and traded as high as GBX 168.50 ($2.08). Gulf Keystone Petroleum shares last traded at GBX 165.40 ($2.04), with a volume of 950,734 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 190 ($2.34) price objective on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th.

Gulf Keystone Petroleum Trading Up 2.2 %

The company has a market capitalization of £358.62 million, a PE ratio of -5,513.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The company has a 50 day simple moving average of GBX 145.64 and a 200 day simple moving average of GBX 133.86.

Gulf Keystone Petroleum Company Profile

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.